Results out soon in August.

Broker recos look very bullish and why not on a P/E of just over 6 to 2011.....

Thomas Cook Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax (�) EPS (p) DPS (p) Pre-tax (�) EPS (p) DPS (p)

Panmure Gordon
02-08-10 BUY 319.00 27.10 11.30 338.00 28.70 12.40

Exane BNP Paribas
02-08-10 BUY 116.00 26.62 10.75 319.00 28.87 11.66

Numis Securities Ltd
02-08-10 ADD 324.20 27.60 11.25 357.10 29.90 11.81

Oriel Securities
02-08-10 BUY 330.40 28.40 11.40 363.50 31.30 12.10

KBC Peel Hunt Ltd
30-07-10 BUY 301.06 25.22 10.75 313.36 26.23 10.93

WestLB
30-07-10 SELL 28.81 11.52 29.91 11.96

Shore Capital
30-07-10 HOLD 312.00 26.50 11.80 347.00 29.50 13.00

Charles Stanley Securities
15-06-10 HOLD

Evolution Securities Ltd
11-02-10 None

Investec Securities [R]
09-02-10 BUY 327.00 27.30 11.74 352.23 29.39 12.49

Fyshe Horton Finney Ltd
25-01-10 BUY

Collins Stewart
24-12-09 BUY

Nomura Research Institute
25-09-09 RED

2010 2011
Pre-tax (�) EPS (p) DPS (p) Pre-tax (�) EPS (p) DPS (p)

Consensus 316.42 26.98 11.36 342.50 29.39 11.96

1 Month Change 1.07 -0.22 0.01 3.43 -0.14 -0.14
3 Month Change -11.92 -1.09 -0.05 -11.79 -1.00 -0.44


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 2.76% 0.38% 8.92%
DPS 14.03% 10.80% 5.26%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA �574.90m �589.69m �613.90m
EBIT �372.50m �420.55m �447.05m
Dividend Yield 5.38% 5.96% 6.27%
Dividend Cover 2.62x 2.38x 2.46x
PER 7.10x 7.07x 6.49x
PEG 2.57f 18.55f 0.73f
Net Asset Value PS -240.80p 224.47p 240.43p

Invesco 17% -> 16% (yesterday).

Nice. Added some more for tomorrows move up.

why tomorrow's? ..... do their figures come out then?

You're so funny Cynic, or rather you fancy you are. I regard you as an odious cock- end.

TCG Thomas Cook....

UPGRADE...

03 Jan Thomas Cook Group... TCG Alphavalue Buy 50.13 51.00 46.70 61.60 Upgrades

SP TARGET 61.6p

any idea when their figures are due?

Early Feb I believe.

here Cyners......

EventsPast Future Significant past and future events.

FEB07 THOMAS COOK GROUP PLC Annual Shareholder Meeting
next month

MAY27 Interim 2012/2013 THOMAS COOK GROUP PLC Earnings Release

92% of IG clients with open positions in this market expect the price to rise

8% of IG clients with open positions in this market expect the price to fall

Off to a solid start.

Seems the US minutes on QE could dampen the market this morning. lets hope Non farm pay rolls wakens it up at 1.30 our time.

I think this has gone as far as it can go for the present.
pause for breath until further trading statements are published.

Happy to hold for the moment and wait for first week in feb, though sp could then go either way depending on trading statement.

2012 was a good one for small caps stocks, with the FTSE Small Cap index ending the year at 3419, up 25.2% on the year.

The top performer on the year was travel firm Thomas Cook (LON:TCG), back from the brink of bankruptcy and up 224% on the year.

whatt goes up so fast must come down!

It's come down pretty fast from £2 over the last two years transco - no reason it can't go back up again just as fast. The financial press are now sounding very bullish about this company and market sentiment has turned around. I certainly wouldn't be shorting this share right now.

Tuesday 08th January 2013

Financial press warms to Thomas Cook chief

Thomas Cook's new chief executive Harriet Green appears to be winning over the financial press after making her mark on the tour operator.

Green, who joined the troubled company in May and who could receive a pay package worth almost £3 million in her first year, was featured in a positive light in several articles over the New Year.

The Times named Thomas Cook in its 10 shares to follow this year thanks to Green's recovery programme.

It said Thomas Cook was a "straight punt" after going through a "near-death experience".

In a separate article it praised Green for her achievements so far, despite her "surprise" appointment.

"She had no experience in the travel or leisure industries, having spent most of her working life in electronics. But she has already made her mark," said the article.

"Several senior executives have departed and in her first results briefing to the City late last month she indicated that more job cuts were likely, having identified £100 million of annual cost savings in her first 17 weeks in the job.

"It is a moot point whether Harriet Green would attract epithets such as "feisty" and "combative" were she just another grey man in a grey suit. Instead, she is a diminutive mother of two grown-up children with a fondness for yoga and black clothing.

"She sets great store in having a good work-life balance, again not often a stated priority for the average grey-suited male executive."

Meanwhile, the Telegraph said Thomas Cook was over the worse after its "annus horribilis".

"The past 12 months have seen the company slump to a £485.3m loss, lay off 1,250 staff, agree a £1.4bn financing package on pretty punishing terms and part with a number of assets," it said.

"While 2013 is unlikely to be an "annus mirabilis", there is recognition that the tour operator is now over the worst and some parts of the City believe Thomas Cook represents a buying opportunity.

"Green has identified £100m of costs that can be stripped out and more savings are expected early next year, potentially in the form of job cuts, shop closures and a further downsizing of the aircraft fleet. Debt, at £788m, is too high and it is expected Thomas Cook will have to raise £300m to £400m to ease its balance sheet.

"However, even after an equity-raising, analysts believe the shares, which have added 31p over the past 12 months, have potential. Credit Suisse estimates that post a £300m rights issue, Thomas Cook would trade on a multiple of 4.9 times."

The Daily Mail said Green hasherself showed her commitment to the operator by acquiring 500,000 shares at 23p each.


"Other directors piled in too and have so far more-than-doubled their money," it said.

"Chairman Frank Meysman bought 100,000 shares at 24.6p and Peter Fankhauser, chief executive of UK & Continental Europe, 170,000 at 23.25p."

A spokesman for Thomas Cook said it was "nice to see this critical community changing their view on us!".

Lovely, up we go again!

About 10/6 in old money now :-)

Still can't decide whether to jump ship before the results in early feb. Decisions, decisions........